If Howard was shocked that day (now over 10 years ago), he must be more shocked now. All over China, there are increasing signs of prosperity. This is not argument that China is now rich, yes! it is in part, but the Chinese government acknowledges that there is a long way to go.
Here's the comment that the Australian PM made last night, as reported in The Australian newspaper (owned by Rupert Murdoch, for the record.
" Promising “fine beef and good wine” for the growing Chinese middle class, Mr Abbott said the economic rise of China was “the greatest advance of prosperity ever seen in the history of mankind”.
“This is a momentous day. It’s a happy day between friends. It is the day that we seal the deal,” he said.
“It will change our countries for the better, it will change our region for better, it will change our world for the better.”
Chinese commerce Minister Gao Hucheng said the CHAFTA deal was of major significance and would benefit the industries and consumers of both countries.
“(The FTA) has the highest degree of liberalisation of all the free trade agreements that China has so far signed,” Dr Gao said through a translator.
“This signing is going to provide us with more open, convenient and regulated institutional arrangements for our trade and investment exchanges going forward.”
Trade Minister Andrew Robb said the agreement between the two countries, which will deliver a $20 billion boost to trade by 2035, had required a “super effort” of goodwill and hard work.
“It will take our relationship to another level,” he said.
Of course, its more complicated than that, but it gives (as an example) Australian farmers the opportunity to scout out the Chinese market and learn to grow products that will sell in China and to do that on a level playing field. It also gives other business people the opportunity to grow their businesses in the Chinese market-place.